Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1696 Newport Blvd Costa Mesa, CA 92627

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with high traffic volume on Newport Boulevard.

    Property Features for 1696 Newport Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Andy Buie
    Source: Cbre

    Listing Agent: Andy Buie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Costa Mesa

    This retail space is located in Costa Mesa on Newport Boulevard. The property benefits from signage on a monument sign visible from both Newport Boulevard and 17th Street. The location experiences a high traffic volume of 92,000 cars per day along Newport Boulevard, which can increase to 250,000 during peak season. The property is situated in a dynamic trade area encompassing parts of Costa Mesa and Newport Beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Cafe & Coffee Shop Pearle Vision (Bike/Boat/Book/etc) Store Costa Mesa Physician A Blu Concept (Bike/Boat/Book/etc) Store The Blinds & Shutters Store Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.922152
    Latitude
    33.636208

    Nearby Similar for Lease

    • $5,835 /Mo
      1,978 SF

      Costa Mesa Office Space Available

      Modern office space in vibrant Costa Mesa arts district.
      3080 Bristol St, Costa Mesa, CA 92626
      View Details
    • $1,976 /Mo
      465 SF

      Hair Salon Space in Costa Mesa

      Existing hair salon with sinks, reception, and exterior entrance.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • Sponsored
      Contact for pricing

      Costa Mesa - Spaces The MET

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      555 300, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      CA, Costa Mesa - 3420 Bristol Street

      Workspaces, services and support to help you work better in Shelton
      3420 Bristol St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      CA, Costa Mesa - Harbor Blvd

      Workspaces, services and support to help you work better in Frisco Square
      3330 Harbor Blvd, Costa Mesa, CA 92626
      View Details
    • $5,015 /Mo
      1,700 SF

      Costa Mesa Office Spec Suite

      1,700 SF office space in Costa Mesa, CA.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $17,071 /Mo
      5,787 SF

      Costa Mesa Commercial Lease Opportunity

      Office space in Costa Mesa's vibrant Sobeca neighborhood.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $26,576
      9,009 SF

      Costa Mesa Office Space Available

      9,009 SF office space in Costa Mesa, CA.
      3080 Bristol St, Costa Mesa, CA 92626
      View Details
    • $27,839
      9,437 SF

      Costa Mesa Office Space Available

      9,437 SF office space in Costa Mesa, CA.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $50,536
      17,131 SF

      Costa Mesa Office Space Available

      17,131 SF office space for lease in Costa Mesa.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $50,424
      17,093 SF

      Furnished Office Suite in Costa Mesa

      Furnished office suite with amenities in Costa Mesa's Sobeca neighborhood.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $15,095 /Mo
      5,117 SF

      Furnished Office Suite in Costa Mesa

      Furnished 5,117 sqft office suite with private offices.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with high traffic volume on Newport Boulevard.
    Where is this retail space located?
    The property is located at 1696 Newport Blvd Costa Mesa, CA.
    What are key features of this property?
    This property features: - Prime location in Costa Mesa on Newport Boulevard; - High traffic volume – **92,000 CPD along Newport Boulevard (up to 250,000 during peak season)**; - Signage on monument sign on both Newport Boulevard and 17th Street
    Request Owner's contact information
    1696 Newport Blvd Costa Mesa, CA 92627
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1696 Newport Blvd
    Costa Mesa, CA 92627
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1696 Newport Blvd Costa Mesa, CA 92627
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andy Buie
    Real Estate License ID: 929561
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!